Author Question: The price per unit of insurance is called the A) premium. B) loss adjustment expense. C) ... (Read 8 times)

xroflmao

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The price per unit of insurance is called the
 
  A) premium.
  B) loss adjustment expense.
  C) rate.
  D) loss reserve.

Question 2

Which of the following statements is true regarding the information systems functional area of an insurance company?
 
  I. Computers and information systems are able to perform some tasks that previously were performed directly by employees.
  II. Information systems can speed the processing of policies by insurers.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



Expo

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Answer to Question 1

Answer: C

Answer to Question 2

Answer: C



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